Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Forex Morning Madness

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I've been in touch with Springheel Jack, and he tells me he will be posting again starting Thursday. I'm sure we'll all be relieved to have our morning content back!

I'll mention as a comment-cleaner that a glance at the EUR/USD chart tells me why, again, I'm glad I stopped trading FOREX years ago. Supposedly the lame-o retail report this morning was all it took for the tired, wearisome, nettlesome QE rumors to start flying again. Interesting, this surge still leaves ES and NQ in the red, but all the same, I'm sure there are a fair number of surprisingly ticked-off (and surprisingly elated) FX accounts out there.

0716-euro

Who Will Foot the World’s Bill?

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All the talk this year of “QE and monetary stimulus” and yet no action from any of the three major world economies makes me think that each one is waiting for the other to reach into their pocket first and fund what would likely fuel a temporary rally in world markets.

The questions are:

  • + Is it warranted?
  • + Can they afford it in the long run?
  • + What purpose would this serve in the long run?
  • + Who is willing to pick up the tab?
  • + How much would they provide?
  • + For how long would they keep the purse open?
  • + Who has the most to gain from such action?
  • + Who cannot afford to sit back and wait?

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My View Of The Week Ahead (by BKudla)

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My view of the week ahead.

Interesting reversal starting on Thursday in the markets, and the commodity space. Now we need to see if there is any follow through.  I am still cautious but have taken trades in BOOM, DO, AG, AMZN, and SSRI.  All are positive.
So far so good on closed trades; 146 trades this year for 56% annualized (real time reported on Twitter). Open trades below.

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Money Flow for July Week Two

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Further to my last weekly market update, here is my commentary on the long, medium, and short-term trend/risk appetite of the 4 Major Indices and 9 Major Sectors relative to their Monthly, Weekly, and Daily charts, respectively. Please refer to that post for an explanation of how my “BULLISH/BEARISH” and “RISK ON/RISK OFF” labels are derived.

Chartgrid #1 depicts a Monthly timeframe of the 4 Major Indices (Dow 30, S&P 500, Nasdaq 100, and Russell 2000)…my comments refer to the current month’s (July’s) candle.

  • “BULLISH” so far this month for all 4 Indices.
  • “RISK OFF” so far this month on the Dow, S&P, and Nasdaq. “RISK ON” on the Russell. Still room for these indices to rally to their upper Bollinger Band if they stay above the “MEAN.”
  • Long term, the Russell is lagging in strength and is the one to watch, as a drop below its “MEAN” could send it down to the lower Bollinger Band and pull the others down with it. The S&P is in imminent danger of a bearish moving average “Death Cross” formation occurring on this timeframe…one to watch for market reaction. High-wave spinning top candles depict market indecision on this timeframe.

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